More in

Suez Ventures invests in French biogas technology company Prodeval

Prodeval’s VALOPUR® product recovers the biogas produced by the methanation of organic waste and sewage sludge as biomethane. Based on high-performance membranes, this process can reach a purification efficiency in excess of 99%, with less than 1% loss of methane. The purified biogas is then transformed into natural gas for vehicles or biomethane that can be injected into urban natural gas networks.

“Suez Venture’s acquisition of a share in Prodeval will consolidate our collaboration and support the development of this innovative young company on the high-growth biomethane market in France and abroad, by speeding up the commercial deployment of its VALOPUR® product. This technology of the future offers a new form of local and renewable energy to local authorities that will help them in their energy transition,” said Eric Landais, managing director of Suez Ventures.

Sébastien Paolozzi, managing director of Prodeval, added: “As a long-established player in biogas, Prodeval must act as a driving force behind the development of biomethane in France and abroad. The acquisition of a minority stake in Prodeval’s capital by Suez Ventures will speed up our growth in order to propose a durable response to the market’s demands, and to develop R&D and export activities, while remaining independent and reactive.”